In The News

Brexit Is a Rejection of Globalization

Larry Elliott June 27, 2016
The less affluent fear political unions and expanding institutions because they lack power and control. With more concentrated power, wealth and influence the have-nots resist globalization, clinging to populist promises and local controls. Britain’s decision to leave the European Union reflects dissatisfaction with an economic model in place for three decades and its distribution of benefits. “...

The UK Will Survive, But Europe Won't

Sławomir Sierakowski June 27, 2016
Voters in Europe and the United States are increasingly lulled by the wild promises of populists who seek change and destruction of global institutions masterminded by elites. “The economy has gone global, but politics is still a national process,” writes Sławomir Sierakowski. “This disconnect has created the sense, among ordinary citizens, that democracy – the people’s will – has been undermined...

Brexit Aftermath: Europe's Zero Hour Presents an Opportunity

Dirk Kurbjuweit June 24, 2016
The European Union is ready to shed a reluctant United Kingdom. The other 27 members could become stronger by moving on and taking advantage of new possibilities. The UK decision does not mean that the EU is a failure or blunder. “The desire for unity developed out of the zero hour following World War II and is a clear rejection of war,” writes Dirk Kurbjuweit. “It is a peace project, and a...

Britain Stuns World With Vote to Leave EU; Cameron Plans to Resign and Markets Fall

Steven Erlanger June 24, 2016
The United Kingdom voted to leave the European Union, 52 to 48 percent. A decision in the world’s fifth largest economy that the world’s largest political and economic union is beyond repair has roiled global financial markets. British Prime Minister announced he will resign in October, adding political uncertainty. Voters opposed to immigration and open borders for trade ended any hopes of...

Brexit and Bust: Britain Plunges Into the Unknown

Daniel Twining June 23, 2016
The United Kingdom's decision to leave the European Union has shocked the world and is a wake-up call for the single market of 28 nations and more than 500 million people. The fury over economic and political cooperation that led to the referendum could intensify. “In unsettling ways, the June 23 referendum has put the future of Europe, the transatlantic alliance and the international...

“Brexit” Could Send Shock Waves Across US and Global Economy

Ylan Q. Mui June 22, 2016
The United States is the biggest foreign investor in the United Kingdom, and US firms regard the nation as a base for trading with the rest of the European Union. The US and the UK each have about a half trillion dollars’ worth of foreign direct investment and employ about a million workers in the other. “The heavy-equipment giant Caterpillar exemplifies the dilemma facing American businesses in...

NATO War Games In Poland Get Russia's Attention

David Welna June 21, 2016
NATO conducted a joint military exercise in northwest Poland with 30,000 troops. The exercise did not identify a specific enemy, but planners had Russian interventions in Crimea and eastern Ukraine in mind. The United States and Europe are relying on a stance used during the Cold War – that strength deters Russian aggression. Other researchers suggest that such exercises irritate Russia and...